INDIANAPOLIS (September 4, 2013) -- State Treasurer Richard Mourdock, Chairman of the Indiana Education Savings Authority, announced that September is College Savings Month along with an opportunity to win $2,500 toward a CollegeChoice 529 Savings Plan.
“Hoosier parents want the best for their children, including additional education or training at a university, college, trade or technical school. One of the best ways parents or grandparents can help is by saving for these educational expenses now,” stated Treasurer Mourdock. “To celebrate College Savings Month, CollegeChoice is going to provide an additional incentive to encourage Hoosier families to save with a drawing for two $2,500 CollegeChoice 529 Direct Savings accounts.”
Indiana’s CollegeChoice 529 is a tax-advantaged savings program designed to give families an opportunity to save for post-secondary educational expenses. Hoosiers are eligible to receive a 20% state income tax credit, up to $1,000, on contributions made to a CollegeChoice Plan.
Additionally, CollegeChoice CD will be holding multiple workshops throughout the state and attending the Indianapolis Colts game on September 8th. To celebrate, they will be giving away a $529 CollegeChoice CD account of your choice.
“Indiana has continued to make strides in bringing jobs and economic opportunities to this state,” stated Treasurer Mourdock. “In order to compete for and keep those jobs, we need our workforce to be educated. Indiana’s CollegeChoice Plan is one component of that effort.”
Currently, Indiana’s CollegeChoice Plan has over $2 billion in assets and over 250,000 accounts.